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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
High levels of attrition, a leadership coterie and allegations of a toxic work culture combine to give the new CEO an HR headache—one that he must tackle with little help from the RBI.
As the new CEO of IndusInd Bank, Rajiv Anand’s challenge at hand is to deal with the derivatives fiasco from earlier this year and help the bank recover from the trust crisis triggered by its accounting discrepancy.
But there is another mess that is equally challenging and needs his urgent attention—the one on the human resources front. Especially so after Zubin Mody, the bank’s chief human resources officer, resigned just 10 days before Anand’s appointment.
That resignation itself is under a cloud with two executives, both with direct knowledge of the matter, saying that it was brought on by the …
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
The RBI’s unusually harsh order raises deeper questions about management credibility—and whether investors should take assurances at face value.
